Shareholders approve 2.18M-share 2023 Omnibus Incentive Plan; all directors elected

MSC INDUSTRIAL DIRECT CO INC

Shareholders approved 2023 Omnibus Incentive Plan authorizing 2,181,014 shares of Class A common stock (2M new shares plus carryover from 2015 plan).
Plan replaces the 2015 Omnibus Incentive Plan, which is frozen immediately; outstanding prior awards remain governed by original terms.
All nine director nominees elected with votes cast percentages ranging from 96.12% (Steven Paladino) to 99.80% (Michael Kaufmann).
Ernst & Young LLP ratified as independent auditor for fiscal 2023 with 99.06% of votes cast in favor.
Advisory vote on named executive officer compensation approved with 99.10% of votes cast in favor.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

MSC INDUSTRIAL DIRECT CO INC shareholders approved Advisory vote to approve the compensation of the Company’s named executive officers at the 2023-01-25 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-01-25

Exact text from the filing

3. Advisory vote to approve the compensation of the Company’s named executive officers : Percentage of Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Votes Cast For 125,238,156 1,128,936 68,035 2,483,201 99.10%

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

MSC INDUSTRIAL DIRECT CO INC shareholders approved Approval of the 2023 Omnibus Incentive Plan at the 2023-01-25 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-01-25

Exact text from the filing

4. Approval of the 2023 Omnibus Incentive Plan : Percentage of Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Votes Cast For 122,733,162 3,659,714 42,251 2,483,201 97.10%

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

MSC INDUSTRIAL DIRECT CO INC shareholders approved Ratification of the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2023-01-25 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-01-25

Exact text from the filing

2. Ratification of the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for fiscal year 2023 : erc Percentage of Votes Cast For Votes Cast Against Abstentions Votes Cast For 127,674,949 1,205,008 38,371 99.06%

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

MSC INDUSTRIAL DIRECT CO INC shareholders approved Election of directors at the 2023-01-25 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-01-25

Exact text from the filing

1. Election of directors : Votes Cast Votes Broker Percentage of Nominee For Withheld Non-Votes Votes Cast For Erik Gershwind 125,467,951 967,176 2,483,201 99.24% Louise Goeser 124,978,721 1,456,406 2,483,201 98.85% Mitchell Jacobson 125,100,630 1,334,497 2,483,201 98.94% Michael Kaufmann 126,186,898 248,229 2,483,201 99.80% Steven Paladino 121,523,637 4,911,490 2,483,201 96.12% Philip Peller 124,148,507 2,286,620 2,483,201 98.19% Rahquel Purcell 126,130,548 304,579 2,483,201 99.76% Rudina Seseri 125,279,808 1,155,319 2,483,201 99.09%

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MSC INDUSTRIAL DIRECT CO INC filing history →

Source: SEC EDGAR

accession 0001003078-23-000011

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